§ 1191. Exemptions from taxation. 1. It is hereby found and declared
that the creation of the authority and the carrying out of its corporate
purposes is in all respects for the benefit of the people of the state
of New York, for the improvement of their health and welfare, and is a
public purpose, and the authority shall be regarded as performing a
governmental function in the exercise of the powers conferred upon it by
this title, and shall be required to pay no taxes or assessments upon
any of the property acquired by it or under its jurisdiction, control,
possession or supervision or upon its activities in the operation and
maintenance of its facilities.

2. The bonds together with the income therefrom shall, at all times,
be exempt from taxation, except for transfer and estate taxes.